Showing posts with label journalists. Show all posts
Showing posts with label journalists. Show all posts

Friday, July 24, 2009

Minimum wage revisited

In this article, we see how blind journalists are to basic economics. (when typing "blind" I mistakenly typed "blond"; was that an ironic typo or what?) Most, if not all, minimum wage workers will not see an increase in their take home pay. They will likely see a small decrease in their hours, or a complete decrease in their hours. That's losing their job for those of you who didn't catch it. I don't know how much power Obama has/had to let this increase go through, but if/when unemployment keeps rising, especially among minimum wage workers, let's see how he wriggles out of this one.